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AI Analysis of 300689.SZ
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Shenzhen Chengtian Weiye Technlgy Co Ltd stock price ended at ¥14.02 on Wednesday, after losing 4.69%.
(Updated on Mar 27, 2024)

Sell candidate since Mar 25, 2024 Loss -5.53% PDF

The Shenzhen Chengtian Weiye Technlgy Co Ltd stock price fell by -4.69% on the last day (Wednesday, 27th Mar 2024) from ¥14.71 to ¥14.02. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 5.28% from a day low at ¥14.01 to a day high of ¥14.75. The price has fallen in 6 of the last 10 days and is down by -5.53% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 thousand shares and in total, 1 million shares were bought and sold for approximately ¥19.61 million.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ¥15.40 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -23.53% during the next 3 months and, with a 90% probability hold a price between ¥5.29 and ¥11.78 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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300689.SZ Signals & Forecast

The Shenzhen Chengtian Weiye Technlgy Co Ltd stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ¥15.11. On a fall, the stock will find some support from the long-term average at approximately ¥13.47. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 18, 2024, and so far it has fallen -12.16%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Shenzhen Chengtian Weiye Technlgy Co Ltd stock

Shenzhen Chengtian Weiye Technlgy Co Ltd finds support from accumulated volume at ¥13.93 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ¥0.740 between high and low, or 5.28%. For the last week, the stock has had daily average volatility of 4.06%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (300689.SZ) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Shenzhen Chengtian Weiye Technlgy Co Ltd to open at ¥14.26, and during the day (based on 14 day Average True Range), to move between ¥13.29 and ¥14.75, which gives a possible trading interval of +/-¥0.730 (+/-5.21%) up or down from last closing price. If Shenzhen Chengtian Weiye Technlgy Co Ltd takes out the full calculated possible swing range there will be an estimated 10.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ¥13.93 (0.64%) than the resistance at ¥14.15 (0.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Shenzhen Chengtian Weiye Technlgy Co Ltd stock A Buy?

Shenzhen Chengtian Weiye Technlgy Co Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.888 Sell Candidate Unchanged

Predicted Opening Price for Shenzhen Chengtian Weiye Technlgy Co Ltd of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
¥14.26 ( 1.71%) ¥14.02

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 300689.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 15.00 6.99 %
R2 14.72 4.97 %
R1 14.54 3.73 %
Current price: 14.02
Support S1 13.98 -0.304 %
S2 13.80 -1.55 %
S3 13.52 -3.57 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 15.04 7.28 %
R2 14.84 5.85 %
R1 14.15 0.93 %
Current price 14.02
Support S1 13.93 -0.642%
S2 13.13 -6.35%
S3 11.64 -16.98%

300689 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 09, 2023 Jun 09, 2023 Jun 09, 2023 ¥0.0300 0.131%
2 Jun 15, 2022 Jun 15, 2022 Jun 15, 2022 ¥0.0850 0.530%
3 Jun 17, 2019 Jun 17, 2019 Jun 17, 2019 ¥0.0971 0.532%
4 Jun 07, 2018 Jun 07, 2018 Jun 07, 2018 ¥0.147 0.611%

FAQ

What is the symbol for Shenzhen Chengtian Weiye Technlgy Co Ltd Stock and on which exchange is it traded?
The symbol for Shenzhen Chengtian Weiye Technlgy Co Ltd is 300689.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Shenzhen Chengtian Weiye Technlgy Co Ltd Stock?
Shenzhen Chengtian Weiye Technlgy Co Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Shenzhen Chengtian Weiye Technlgy Co Ltd Stock?
Shenzhen Chengtian Weiye Technlgy Co Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Shenzhen Chengtian Weiye Technlgy Co Ltd Stock.

What's the current price of Shenzhen Chengtian Weiye Technlgy Co Ltd Stock?
As of the end of day on the 2024-03-27, the price of an Shenzhen Chengtian Weiye Technlgy Co Ltd (300689.SZ) share was ¥14.02.

What is the 52-week high and low for Shenzhen Chengtian Weiye Technlgy Co Ltd Stock?
The 52-week high for Shenzhen Chengtian Weiye Technlgy Co Ltd Stock is ¥24.79 and the 52-week low is ¥8.61.

What is the market capitalization of Shenzhen Chengtian Weiye Technlgy Co Ltd Stock?
As of the 2024-03-27, the market capitalization of Shenzhen Chengtian Weiye Technlgy Co Ltd is 1.618B.
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About Shenzhen Chengtian Weiye Technlgy Co Ltd

Shenzhen Chengtian Weiye Technology Co., Ltd. researches, develops, manufactures, sells, and services smart cards in China and internationally. It offers telecommunication cards, financial IC cards, ID cards, etc. The company serves mobile communications, financial payments, and public utilities markets. Shenzhen Chengtian Weiye Technology Co., Ltd. was founded in 2006 and is based in Shenzhen, China.... 300689.SZ Profile

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